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According to Al-Yaum newspaper (April 9, 2005), the Saudi Real Estate Development Fund agreed to provide 3,681 personal loans, valued SR 1.14 billion, which represent the second payment of the approved loans in the Fund's budget for the current fiscal year. The Director General of the Fund, Mr. Mohammed Al-Harbi, said that these loans will finance building 4,720 residential units in different Saudi regions.

The Real Estate Development Fund, established in 1974 (1394 AH), was set up to meet the needs and aspirations of the Kingdom's citizens by helping to raise the quality of life in society through the development of high quality housing.